WNS (NYSE:WNS) Hits New 12-Month Low After Analyst Downgrade

WNS (Holdings) Limited (NYSE:WNS)’s share price hit a new 52-week low on Thursday after Needham & Company LLC lowered their price target on the stock from $80.00 to $60.00. Needham & Company LLC currently has a buy rating on the stock. WNS traded as low as $41.04 and last traded at $43.29, with a volume of 331989 shares trading hands. The stock had previously closed at $46.86.

Several other research firms have also weighed in on WNS. StockNews.com lowered shares of WNS from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Citigroup cut their target price on shares of WNS from $80.00 to $62.00 and set a “buy” rating for the company in a research note on Monday. Finally, Barrington Research restated an “outperform” rating and issued a $72.00 price target on shares of WNS in a research report on Monday, April 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, WNS has an average rating of “Moderate Buy” and an average price target of $81.63.

Institutional Investors Weigh In On WNS

Hedge funds have recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT boosted its position in WNS by 3.4% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,563 shares of the business services provider’s stock worth $352,000 after acquiring an additional 185 shares during the period. Lindbrook Capital LLC increased its stake in shares of WNS by 33.0% in the fourth quarter. Lindbrook Capital LLC now owns 754 shares of the business services provider’s stock worth $48,000 after acquiring an additional 187 shares during the last quarter. 1492 Capital Management LLC raised its holdings in shares of WNS by 1.1% during the fourth quarter. 1492 Capital Management LLC now owns 18,556 shares of the business services provider’s stock worth $1,173,000 after acquiring an additional 196 shares in the last quarter. Parallel Advisors LLC grew its stake in WNS by 30.4% in the fourth quarter. Parallel Advisors LLC now owns 841 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 196 shares in the last quarter. Finally, DGS Capital Management LLC increased its position in WNS by 6.3% in the 4th quarter. DGS Capital Management LLC now owns 3,405 shares of the business services provider’s stock worth $215,000 after purchasing an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

WNS Price Performance

The company has a market capitalization of $2.01 billion, a PE ratio of 12.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a 50 day moving average price of $53.17 and a two-hundred day moving average price of $58.77.

About WNS

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through two segments, WNS Global BPM and WNS Auto Claims BPM. It offers industry-specific services to clients primarily in insurance; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure; healthcare; utilities; shipping and logistics; Hi-tech and professional services; and banking and financial services.